Description
Close to a 7% cap rate!! This is a DREAM property for an investor or occupant owner. The property has been managed & maintained by professional property management for the last 5 years. There are 3 units on the property within 2 buildings. Unit 1 is a 5/2. Unit 2 is a 2/1. Unit 3 is a 2/1. According to tax records, Unit 1 states 4 bedrooms however it does have a 5th bonus room. Each unit is individually metered for electricity & gas. There is a parking area in the back of the property with access from the alley which could potentially be used to build an ADU (buyer to verify). 2 units are close to market rent while there is a tremendous upside on Unit 3. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 2 was completely renovated down to the studs in 2019. The lot size is a little over 5,300 sq ft. Only a few minute drive to Exposition Park, USC, Downtown Los Angeles, and more. If interested after the sale, discounted professional property management services are available for 6 months with current manager.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Close to a 7% cap rate!! This is a DREAM property for an investor or occupant owner. The property has been managed & maintained by professional property management for the last 5 years. There are 3 units on the property within 2 buildings. Unit 1 is a 5/2. Unit 2 is a 2/1. Unit 3 is a 2/1. According to tax records, Unit 1 states 4 bedrooms however it does have a 5th bonus room. Each unit is individually metered for electricity & gas. There is a parking area in the back of the property with access from the alley which could potentially be used to build an ADU (buyer to verify). 2 units are close to market rent while there is a tremendous upside on Unit 3. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 2 was completely renovated down to the studs in 2019. The lot size is a little over 5,300 sq ft. Only a few minute drive to Exposition Park, USC, Downtown Los Angeles, and more. If interested after the sale, discounted professional property management services are available for 6 months with current manager.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.